Neusoft Becomes One of First Chinese Members of the Global Growth Companies Community

Recently, a membership signing ceremony for Global Growth Companies of the World Economic Forum was held in Dalian, China. The VIPs include Xia Deren, Mayor of Dalian City, and Andre Schneider, Managing Director of the World Economic Forum. Neusoft Group Ltd., represented by Yu Keqing, VP & International Cooperation GM, was invited to the event as one of the first Chinese members.

The Community of Global Growth Companies' mission is to enable emerging multinationals to develop into the next generation of global champions and become a major force driving economic development. It is a cross-industry global community of companies that have demonstrated a clear potential to become leaders in the global economy within five years. The companies enjoy a strong industry or regional market presence and have both the aspiration and ability to become global champions. They will be selected based on a combination of factors: Demonstrated growth potential and 15% annual growth over the last two years; minimum revenue thresholds (an indicative range is between US$ 200 million to US$ 2 billion); and demonstrated executive leadership.

As a leading software and solution provider as well as the largest offshore outsourcing provider in China, Neusoft offers a wide portfolio of products, solutions, and services to more than 8,000 large customers in China as well as offshore outsourcing service to over 30 overseas clients. It is qualified to join the Community for its outstanding growth.

Yu Keqing, VP & International Cooperation GM, Neusoft Group Ltd., said, ''As one of the first Chinese members of the Community, Neusoft will fully leverage the platform provided by the Community and actively share experience and thinking of growth together with the Fortune 500 companies and other global growth companies. We hope to make contributions to help Chinese enterprises to fit into global business environment better.''

About Neusoft

Neusoft Group Ltd. is a leading software and solution provider in China. Founded in 1991, Neusoft has three inter-promoting business units that are engaged respectively in software & services, medical systems and IT education & training, supported by a total staff of over 10,000. In addition, the Company has set up software parks in Shenyang, Dalian, Chengdu and Nanhai for further R&D and HR reserves. After successfully constructing a complete sales & service network covering over forty cities around China, it has further extended its branches to the US and Japan. At present, Neusoft offers products and services to over 8,000 large customers, maintaining leading market shares in telecommunications, social insurance, enterprises, electric power, network security and other sectors. It is also China's largest offshore outsourcing service provider.